investors remained wary over China’s plans for helping its ailing property sector.Chinese officials briefed reporters in Beijing on the outcome of a top-level meeting of the ruling Communist Party, providing some details of the sweeping blueprint it endorsed for making China a leader in technology, building its financial markets and raising living standards.
In Taiwan, the Taiex fell 2.3%, as computer chip-maker Taiwan Semiconductor Manufacturing Co.’s shares sank 3.5%, extending losses triggered by a report that Washington might double-down on restrictions on sales to China of semiconductors and equipment used to make and test them. On Thursday, European indexes were mixed after the European Central Bank held its main interest rate steady.
But chip makers’ shares stabilized. Nvidia rose 2.9% and stretched its gain for the year to nearly 145%. Darden Restaurants, the company behind Olive Garden, LongHorn Steakhouse and other chains, sank 3%. It said it would buy the Chuy’s Tex-Mex chain in an all-cash deal valuing it at $605 million. Chuy’s stock jumped 47.8%
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Source: AP - 🏆 728. / 51 Read more »
Stock market today: Asian shares lower after Wall Street closes another winning weekAsian shares are mostly lower after U.S. stocks coasted to the close of their latest winning week on Friday, even as Nvidia’s stock cooled further from its startling, supernova run.
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